Latest Alternative finance News: Finextra Research

Circle CEO claims current financial system is 'failing 99% of the time'

Testifying before the US Senate Committee on Banking, Housing and Urban Affairs, Circle co-founder, chairman and CEO Jeremy Allaire highlighted that the existing financial services system is in dire need of being completely overhauled.

30 July 2019

News/retail

Taiwan issues three digital banking licences

In a first for the island, Taiwan’s Financial Supervisory Commission has issued virtual banking licences to three consortiums – the latest development in the battle between Asian internet firms and the region’s legacy banks for a stronghold over consumer finances.

30 July 2019

News/devops

How developers can leverage retail banking open APIs

Developers are now able to tap into the potential of PSD2 and open banking with no prior core banking experience and leverage open APIs to build retail banking applications. Anand Subbaraman, VP and general manager of retail banking, at Finastra believes that the potential for open APIs is limitless, and we are now in the fourth generation of banking.

30 July 2019

Company update/startups

Hokodo awarded €2m by Horizon 2020 to free SMEs from unpaid invoices

Hokodo, the UK fintech startup, has been awarded €2m by Horizon 2020, the funding programme for research and innovation run by the European Commission.

25 July 2019

Company update/Alternative finance

Capital on Tap turns to Marqeta for payments processing

Capital on Tap, one of the UK’s fastest growing companies, announced today that it is partnering with Marqeta, the leading global modern card issuing platform, to power payment processing for its small business credit card, relied on by over 60,000 UK enterprises.

23 July 2019

News/cloud

BMO taps Demica supply chain finance tech

Bank of Montreal is joining forces with working capital outfit Demica to provide clients with supply chain finance options.

15 July 2019

Company update/Alternative finance

WorldPay and ClearBank founder Nick Ogden joins Funding Options’ board

Fintech pioneer Nick Ogden has joined the board of Funding Options, the UK’s leading business finance marketplace, as non-executive chairman.

10 July 2019

Company update/Alternative finance

EPA calls for wider account access

The Emerging Payments Association (EPA) has today published its response to the publication of UK Finance’s good practice guidelines on Access to Payment Account services.

08 July 2019

Company update/retail

Kabbage gets $200m revolving credit facility

Kabbage, Inc., a data and technology company offering automated cash flow solutions to small businesses, closed a $200 million revolving credit facility to support its rapid growth providing U.S. small businesses access to flexible, online funding.

02 July 2019

News/Alternative finance

Funding Circle share price punished as demand for loans diminishes

Shares in P2P lender Funding Circle have dropped by 25% as the company warns that the uncertain economic outlook has reduced demand for loans.

02 July 2019

News/Alternative finance

Intesa Sanpaolo ventures into crowdfunding with BacktoWork24 stake

Intesa Sanpaolo has dipped into its EUR100 million Finventures fund to take a stake in Italian equity crowdfunding site BacktoWork24.

26 June 2019

Company update/Alternative finance

N26 makes mobile transfers available to UK users

N26, Europe’s largest digital bank, has introduced MoneyBeam for its UK users, allowing them to send money instantly to fellow N26 users.

20 June 2019

News/Alternative finance

NAB pledges $1.4bn funding for Aussie tech sector

National Australia Bank (NAB) is to commit AUS$2bn ($1.38bn) to support Australia's technology sector.

20 June 2019

Company update/Alternative finance

LendingCrowd appoints chief risk and compliance officer

LendingCrowd, Scotland’s only fintech lending platform, has appointed Robbie McKenzie to the newly created post of General Counsel and Chief Risk & Compliance Officer.

20 June 2019

News/payments

EBAday 2019: A 'Universal' approach to P27 and regional payment areas

Closing EBAday 2019 with a lively debate on what is expected from fully integrated, open-access infrastructures for domestic and cross-border payments, banking executives and technology innovators discuss how regional initiatives fit into the pan-European context, while keeping P27 in mind.

19 June 2019

Company update/retail

Trade Ledger launches invoice finance platform

Trade Ledger, the world’s first open banking business lending platform has launched a new turn-key Automated Invoice Finance Platform for banks and alternative finance providers looking to deliver faster and more flexible working capital solutions to their business customers.

19 June 2019

News/Alternative finance

EBAday 2019: Bleckwen scoops Fintech Zone prize

After two days of live pitches from 15 cutting-edge fintech startups from across Europe and beyond, Bleckwen has been named the 2019 EBAday Fintech Zone best in show winner and will receive promotional and educational services from Finextra and the EBA.

19 June 2019

News/Alternative finance

Regulators and politicians respond to Facebook's crypto plans

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.

19 June 2019

News/Alternative finance

UK fintech salaries on the rise - report

Jobs in the UK's fintech sector have grown by 61% in the last year while demand for skilled workers has seen salaries rise by as much as 25% according to a recently published report.

18 June 2019

News/Alternative finance

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

18 June 2019